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Honeywell Sees Strong 2008 Results
After Posting 18% Jump in Earnings

Honeywell International Inc.'s fourth-quarter profit climbed 18% as the conglomerate reiterated that it expects strong results in 2008, though it cautioned that the economy could soften.

Chief Executive Dave Cote said Honeywell hasn't seen evidence of a broad slowdown yet, but he said it is planning conservatively nonetheless. "So far, all we do is read about the possibility of [a recession], but we don't really see it," he said.